Powell: Fed Not Factoring Iran Energy Crunch
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Reserve Chair Jerome Powell downplayed the impact of the Iran conflict on energy prices, stating that the Feds tools are better suited for long-term issues like inflation. He warned that a series of disruptions could change public expectations and lead to higher inflation. The Fed is currently monitoring the situation but has not yet adjusted its policy.
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